Newbury, RG14 1AS
|Property Type||Investments / Retail|
|Size||2,950 sq ft|
|Business Rates||Upon Enquiry|
|Energy Performance Rating||This property has been set as EPC exempt.
Reason: Listed building
The 3 storey property is well located within The Broadway, Newbury. Occupiers close by include Dominos Pizza, Roderick Anthony Hairdressers and Co-op.
The property comprises 2 Retail Units together with 4 Flats as follows:-
FLAT A - Ground Floor approx 38 sq m gross
1 bed £678 pcm £8,136 per annum.
FLAT B - Ground Floor approx 42 sq gross
1 bed £600 pcm £7,200 per annum.
FLAT C - Top Floor approx 41 sq m gross
1 bed £750 pcm £9,000 per annum.
FLAT D - Top Floor approx 75 sq m gross
2 beds £850 pcm £10,200 per annum.
UNIT 1 (LHS) approx 41.43 sq m [446 sq ft] - let for a term of 5 years from 1st June 2021. Tenant break and upward only rent review 3rd year.
Use. Coffee Shop. Current rent £9,000 per annum plus VAT.
UNIT 2 (RHS) approx 37.13 sq m [400 sq ft] - let for a term of 5 years from August 2018.
Use. Tattoo Studio. Current rent £9,000 per annum plus VAT.
TOTAL CURRENT INCOME £52,536 PER ANNUM
Our client is seeking offers of £850,000 plus VAT for the Freehold subject to and with the benefit of the various lettings.
Each party to pay their own legal costs in this transaction.